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<br />Lender's wztten agreement ar applicable law. Borrower shall pay the amount of all mortgage insurance premiums in the
<br />manner provided under paragraph 2 hereof.
<br />Any amounts disbursed by Lender pursuant to ibis paragraph 7, with interest (hereon, shalt become additional
<br />indebtedness of Borrewer secured by this Mortgage. Unless Borrower and Lender agree to other terms of payment, sueh
<br />amounts shall be payable upon natice from Lender to Harrower reouesting payment thereof, and shalt bear interest from the
<br />dais of disbursement ai the late payable from time to Time on outstanding principal under the Note unless payment of
<br />imerest at such rate woutd be cantrarY to applicable law, in which event such amounts shall bear interest at the highest cafe
<br />e:t,~ , ^~z r.,.,,b,~a law. Nak#ring euatai^zh in this pa•as,aph 7 ~h~tl *e~uire rund.r to incur any expellee or take
<br />any aetian hereunder.
<br />8. faspectloa. Lender may make or cause to be made reasonable entries upon and inspections of the Property, provided
<br />that Lender shall dive Borrower natice prior to any such inspection specifying reasonable cause therefor related to Lenders
<br />interesk in the Property.
<br />~; Coa$ttas~tt€an. The proceeds of any award or claim far damages, direct or cansegetential, in connection with any
<br />condemnation or other taking of the Property, ar part thereof, r+r for conveyance in lieu of condemnation, are hereby assigned
<br />and shall be paid to Lentler.
<br />In the event of a total taking of the Property, the proceeds shad be applied to the sums scented by this Marigage.
<br />with the excess, if any, paid to Borrower. in the event of a partial faking of the Property, unless Borrower and Lender
<br />otherwise agree fn writing, there shall be applied to the sums secured by this Mortgage such proportion a{ the proceeds
<br />as 6s equal io that preporiian which the amount of the sums secured by this Mortgage immediately prior to the date of
<br />*.eking bears ka khe f«.r m«rke, .«lu., of kit` Pra^,,.:*y imrtedi«.ely prier ,., thz da._ of taking ,v;rh rkn balance a{ the pre~rg~tc
<br />paid to Borrewer.
<br />If the Property is abandoned by Harrower, or if, after notice by Lender to Borrower that the condemnor offers to make
<br />ar. award or settle a claim for damages, Borrewer fails to respond to Lender within 30 days after the date such notice is
<br />mailed, i.ender is attiharized to calker and apply the proceeds. at tinder's option, either to txstoration or repair of the
<br />Property or fo the sums secured by ehis Mortgage.
<br />Unless Lender acrd Harrower otherwise agree in writing, any sueh application of proceeds to principal shall not extend
<br />or postpone the due date of the monthly installments referred to in paragraphs 1 and 2 hert:of or change the amount of
<br />such instaitmenfs.
<br />!Q. BorroRer Not RekasPd. Extension of the time far payment or modification of amorkization of rha stems secured
<br />by this Ma .gage granted by Lender to any suceessar in interest of Borrower shalt oat operate to release, in any manner,
<br />the liabitity of the original Borrower and Borrower's successors in 'rnterest. Lender shalt not be required to commetsee
<br />proceedings against such successor or refuse to extend time for payment or otherwise modify amortization of -the sums
<br />secured by this Mortgage by reason of any demand made by the original Borrower and Borcowers successors in merest.
<br />13. Farbetsronce by I.essdsn 1Vot a Waiver. Any forbearance by Lender in exercising any right or remedy hereunder, ar
<br />otherwise afforded bi. applicable law, shall not be a waiver of ar preclude the exercise of any such right or remedy.
<br />The procurement of insurance or the payment of taxes or other liens or charges by Lender shall not be a waiver a€ Lenders
<br />right fo aceeterate the maturity of the indebtedness secured by this Mortgage.
<br />22. Rttaedies t:asaalatlve. Ail remedies provided in this Mortgage are distinct and cumulative to any other righC or
<br />remedy under this Mortgage or affvrded hY taw or equity. and may be exercised concurrently. independently or successively.
<br />!3. Seccewass sari A~gas Bound; Joint and general I.~ahr'Bty; Captloss. Ti:e cavAnaats and agr[een~tfc herein
<br />eoniait:ed shag bind, and the rights hereunder shall lour to, the mspet~ive successors and assigns of Leader and Borrower,
<br />subject to the provisions of paragraph I7 hereof. All covenants and agreements of Borrower shall be joint and several.
<br />The captions and headings of the paragraphs of this Mortgage are far convenience only and are not to be used to
<br />interpret or define the provisions hereof.
<br />!$. Ataefiee. Except for any notice required under apglica6[e I«w to be given in another manner, (al any notice to
<br />Borrower provided for jn this Mortgage shall be given by maitiog suck notice by certified mail addressed to Harrower at
<br />the Property Address ar of such other address as Borrower may designate by notice to Lender as provided herein, acrd
<br />~; an} natice ka Lender shall be green by certified mail, rekurn receipt requested, ko Lenders address- stated herein or to
<br />such other address as Leader maY designate by notice to Borrower u provided herein. Any notice provided-for in this
<br />mortgage stall IF deemed to have fife;, givt:n to ;;arroa~er ar Lender wt:en give n k the manlier d~ignaied her u^.
<br />r !S. Uaifat~ 1!#ortgagc; Goverssiag I,3w; $evera6lYRy. This fora: of mortgage combines uniform covenants far national
<br />use and non-uniform covenants with limited variations by jurisdiMion to constitute a uniform security instrument covering
<br />real property. This lifartgage shalt be governed try the law of the jurisdiction in which the Property is located. In Else
<br />event that any provision or clause of this Mortgage nr t'.tc Note conflicts with applicable Iaw, such contlict shall not affect
<br />other provisions of this Mortgage or khe Note which can be given effect without the conflicting prevision. and to the
<br />end the provisions of the Mortgage and the Note are declared to be severable.
<br />!~. Btt3owers tr"irpy. Borrewer s§all t±z furnishzd a canfarmed copy of the Nate anti of this Mortgage ai the time
<br />of execution ar after recordation hereof.
<br />!7. Traas#er of tine Property; Asa~saPtion. tf all or any part of the Property or an interest therein is sold or transferred
<br />by Harrower without Leader's prior written consent, excluding Eal the creation of a Tian or encumbrance subordinate to
<br />this Mortgage, ib; the ereatian of a purchase money security interest for household appliances, (c) a transfer by devise,
<br />descent or by operation of law upon €he death of a joint tenant or (d) the grant of any leasehold interesk of three years or less
<br />not sonLiaing an option to purchase, Tinder may, of Lender's option, declare all the sums secured by this Mortgage fct t>e
<br />immediately due and payable. Lender shalt have waived such option to accelerate if, prier to the sak or trans#er, Lender
<br />and the petsan to wham the Property is to be sold ar transferred reach agreement in writing that the credit of such petsats
<br />is satisfactory io Lender and that th° interest payabte on the sums secured by this Mortgage shat( be at such rate as Leader
<br />shat! request. i€ Lender has waived the option to accelerate provided in this ,paragraph 37, sad if Borrower's succe~or in
<br />interest tins ex~uted .written a:;s'~tpti~~ agreement acccpked in writing by Leader. Lender shall tticase Borrower from all
<br />obligations under this Mortgage aBd tine Nate.
<br />If Lander exerra~s such option to accelerate, Lender shall mail Harrower nttice of acceleration in accordance with
<br />paragraph-id hereof. JlrCit natice strait provde a perod of rot less than 3fl days from the date the notice is mailed wiUsin
<br />which Harrower may nay the sums declared due. If Borrower faits to pay each sums prior fo the expiration of suck period,
<br />L antler may, witttaut ftfirfher eerier- or t#rmand on Botrowee, invoke any remedies potmitted by paragraph Ig het~of.
<br />lsloia-Uxt~oatw Cov>=turt~s. Borrower and Lender further covenant sad agree as foitnws:
<br />iii. ;'atesae £tceePt as ;ded In is F7 6et`~f, epo® Borrawer°e lr~aeit of say coveaaat or
<br />~' ~ ~.-r: ~ t~ n:~$~ae ~ tkt: rp:xt~~ €g ~y z a$y ~~ s.~a..d ~, t~ h~°-e,
<br />I.et pt#nr hs atzil notice to Bttmawer as Proved k !4 kereol sPecityi>~ {!) the brtsch;
<br />Z) #~ t rimed is else sack T6; £3# s dater not less tea ~ days frtNa tbe date t~ mflCe is awned to Borrower,
<br />by rul~rh s h be ~ - (4) ~ ~ c>sre oa +~ ~orc the a~ d is the ao!#e
<br />luny txsarlt m of the mats steered by i4farlgege: forectssere by j+rdF~itd Proceeding sad sole ~ Eke Prtspeety.
<br />ihr: nofke s§s~ i otm Bosrowtr of ~ ~t to se~tate after ac~a sad rise right to assert iia the foredoatee
<br />prae~[a; rim ~ a iefwdt-or nary oNter dt#epace of Eoriow~ to acceleration sad #rrrectoaat+a. B rha breach
<br />l.9 tai earzi ere of lse#ore the dPtt ~ the aotieer I.ets3s¢ ri! )enderrs option asay dtrlare ~ of the sems secured 6y
<br />'::awe err a y sad wEtPca't ftart~v ~~. e°aad sad icy #oreci~e say ~ Pa>~eedlr~. Yrteskr
<br />strait ~ enir°tlad to csHsct is shalt gtoes aH stars cf 4oreelosare, laclad~g, fiat cwt fisaited t0. cats of docosaerdary
<br />esideace, aifreteacta said t~ aeparis.
<br />i9. iiEaerowes"s ]Idgbf fo Relrs~ate. Notwithstanding.. Lender's acceleration of the sums secured by this Mortgage,
<br />Bxsnawar elrall have lire Tighe to have any proceedings begun by Lender to enforce this Mortgage discontinued at any time
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